German Phoenix Solar AG announces a further revision to its revenue and results forecast for the 2017 financial year. The company now expects consolidated revenues in a range between €90 million and €110 million ($105 million to $130 million) in the 2017 financial year. On this base, the company targets to achieve a consolidated operating result before interest and taxes (EBIT) of between €-10 million and €-8 million.
In the forecast revised in August 2017, the company still assumed consolidated revenues between €140 million and €160 million and EBIT between €-2.0 million and €1.0 million. The company originally expected revenues to range between €160 million and €190 million and EBIT between €1 million and €3 million.
According to Phoenix, the correction »is necessary due to delayed new order intake and uncertainties in the US market because of ongoing disputes about new protective tariffs.«
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